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The successful second cyber catastrophe bond sponsored by Beazley, the $160 million PoleStar Re Ltd. (Series 2024-2) issuance that we reported on last
KSE-100 index gains 430.52 points in early morning trade; analyst attributes run to ongoing IMF review.
Analysts attributes run to ongoing IMF review, falling interest rates in secondary markets.
Optimism also attributed to upbeat output data on crop, cotton production, power generation, fertiliser, autos, and cement sales in Sept; rupee further appreciates by Rs1.06.
Analysts attribute sell-off to political uncertainty and July's current account deficit.